Latest Stories All Stories

Business
Sky News
Reeves to seek billions for growth from corporate pension surpluses
Rachel Reeves will this week announce plans to unlock tens of billions of pounds from corporate pension schemes as part of government plans to kickstart economic growth.Sky News has learnt that the chancellor will use a crucial speech on Wednesday to disclose that she wants to use so-called surplus release to boost investment in the …
Business
Business Live
Former South Tyneside waste site set to be turned into huge logistics hub
A former waste management site in South Tyneside is set to be transformed into a huge new logistics base. Planning approval has been granted for 100,000 sqft of new industrial space on the site of the former Biffa unit on the Simonside Industrial Estate – paving the way for the creation of a new base …
Business
Sky News
WH Smith in secret talks to sell historic high street arm
WH Smith is in secret talks to sell its entire high street business in Britain more than 230 years after it opened its first shop in central London.Sky News can exclusively reveal that the listed retail group, which has a market capitalisation of almost £1.5bn, has been in negotiations with a number of prospective buyers …
Business
Business Live
UK’s top 10 taxpayers revealed including hedge fund boss who paid staggering £339m
Sir Chris Hohn, founder of the Children’s Investment Fund Management and one of the UK’s wealthiest hedge fund managers, has topped the list of Britain’s highest taxpayers this year, contributing over £339m in just 12 months, as per the Sunday Times Tax list. The annual study by The Sunday Times revealed that the top 100 …
Business
Business Live
North East economy ‘under siege’ as number of firms in financial distress rockets by 75%
The North East economy is coming “under siege” as the number of firms in the region struggling with financial distress rocketed at the end of last year, new figures suggest. The research from business advisors Begbies Traynor shows that instances of firms experiencing distress jumped by 75.24% between September and December last year – way …
Business
Sky News
Lakeland’s family owners hoist ‘for sale’ sign ahead of tax rises
The family behind Lakeland, one of Britain’s most prominent privately held retailers, is exploring a sale after more than 60 years amid growing cost pressures sweeping the industry.Sky News has learnt that Lakeland, which is controlled by the three sons of founder Alan Rayner, has appointed advisers to gauge the appetite of prospective buyers for …
Business
Sky News
Rolls-Royce wins £9bn UK submarine contract in ‘boost to jobs and nuclear deterrent’
A £9bn nuclear submarine contract has been awarded to Rolls-Royce – hailed by the government as a win for the economy and the UK’s nuclear deterrent.The Ministry of Defence confirmed overnight that the UK company – not to be confused with the luxury motor car manufacturer – has won an eight-year contract to design, make …
Business
Sky News
Business secretary hints UK could join European trade area
The government has hinted it is open to joining a tariff-free trading scheme as part of its plan to “reset” its relationship with Europe.Business Secretary Jonathan Reynolds suggested that joining the Pan-Euro-Mediterranean Convention (PEM) could be acceptable as it “is not a customs union”. Politics latest: Minister ‘hopes’ Southport killer dies in prisonThe cabinet minister …
Business
Sky News
‘Unprecedented’ leap in business distress as consumer confidence tumbles
There has been an “unprecedented” rise in the number of businesses on the brink of insolvency, according to a closely watched report.The latest Red Flag Alert report by Begbies Traynor, an insolvency specialist, showed those in critical financial distress rose by 50% in the three months to December compared to June-August. It said that 46,583 …
Business
Sky News
Britain’s biggest mortgage lender expects three interest rate cuts this year
The boss of Britain’s biggest mortgage lender has told Sky News he expects three interest rate cuts this year, bringing some relief to borrowers and mortgage holders.Lloyds Banking Group chief executive Charlie Nunn said he anticipates rates will continue to fall gradually thanks to the resilience of household and business finances – but cautioned that …
Business
Sky News
Sainsbury’s to cut over 3,000 jobs – with all cafes to close
Sainsbury’s has revealed plans to cut more than 3,000 jobs.The supermarket said the move was a bid to save money ahead of a massive leap in costs from budget tax measures, due to come into force within weeks. Head office and senior management roles are among those affected, the chain said, adding that the cost-saving …
Business
Sky News
Manchester United and Chelsea owners aim for late winner in Lord’s Hundred auction
Part-owners of Chelsea and Manchester United football clubs are among a quartet of finalists vying to buy a big stake in London Spirit, the most prestigious franchise in English cricket’s Hundred competition.Sky News has learnt that a vehicle controlled by Todd Boehly, a shareholder in Chelsea, and members of the Manchester United-owning Glazer family have …

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources